| Home : August 2011 : August 11, 2011 News : Terreno Resources Corp. Closes its Private Placement Financing |
Terreno Resources Corp. Closes its Private Placement Financing |
August 11, 2011
TORONTO, ONTARIO--(Marketwire - Aug. 11, 2011) - Terreno Resources Corp. (TSX VENTURE:TNO) ("Terreno" or the "Company") is pleased to announce that it closed its non-brokered private placement announced on July 15, 2011 and July 25, 2011, raising gross proceeds of $2,739,750 through the issuance of 18,264,997 units at a price of $0.15 per Unit (each a "Unit"). Each Unit is comprised of one common share and one half share purchase warrant. Each full purchase warrant (a "Warrant") entitles the holder to acquire one additional common share for a period of two years at a price of $0.25. The securities issued under the private placement are subject to a four month hold period expiring on December 10, 2011.
http://www.marketwire.com/mw/release.do?id=1548910&sourceType=3
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